Fashion Retailer H&M Reports Modest Sales Growth In Q1, Faces Margin Pressures
Hennes & Mauritz saw a 3% rise in Q1 net sales, reaching SEK 55.3 billion ($5.1 billion). However, gross margin declined to 49.1% due to economic pressures and increased markdowns. Operating profit fell to SEK 1.2 billion, impacted by higher costs and logistics challenges.
